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1. Cravath and Weil Gotshal Announce Year-End Bonuses; LawCrossing Sees
Expanding Legal Market with 7,000 Law Firm Jobs
With Cravath and Weil Gotshal announcing their year-end bonuses, the hiring market for
laterals seems to be booming again as LawCrossing finds over 7,000 attorney job openings.
Pasadena, CA (PRWEB) November 28, 2012 -- With the announcement of year–end bonuses by two BigLaw
firms – Cravath and Weil Gotshal, the legal market is once again showing signs of recovery.
Legal job search site LawCrossing has also found signs of a strong hiring market for laterals. The website has
found over 7,000 law firm attorney jobs. Litigation continues to be the most in-demand area with 2155
openings in law firms for litigation associates. Overtaking the traditionally second-place corporate practice area
is Intellectual Property (IP).
LawCrossing has found 1,261 IP attorney job openings. California continues to be at the center of the action
with 289 job openings for IP attorneys and New York and Texas tied for the second place with around 100 jobs
each. Corporate attorneys are also in high demand with 1,077 job openings in the corporate practice area.
While Weil Gotshal has not yet released this year’s bonus scale and in fact will be giving out the bonus in
January 2013, Cravath has released its bonus scale and has also substantially increased the bonus amount
compared to 2011. The bonuses will be given on December 21.
In 2011, that’s year incoming class did not get any bonus and the highest bonus, for the class of 2004 was
$37,500. But this year, the class of 2011 and 2012 is going to be paid a $10,000 bonus (pro-rated for the 2012
class) with the amount increasing for the older classes. The class of 2004 will be paid $60,000, the highest
amount among all the classes.
Above the Law’s Elie Mystal and David Lat in a joint editorial have said that they believe this scale will be
“widely adopted all over Biglaw in the days and weeks ahead”. LawCrossing CEO Harrison Barnes also sees
the early announcements as a positive sign. “We may have not reached the pre-recession levels yet, but things
are looking considerably better compared to the last three years.”
About LawCrossing
LawCrossing is an affiliate of Employment Research Institute, a powerful and comprehensive organization
dedicated to help professionals, as well as first timers, finds jobs that will enhance their careers. LawCrossing
consolidates every legal job opening it can find in one convenient location. LawCrossing has been on the Inc.
500 twice. The website also offers a three-day free trial to new members.
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2. Contact Information
Paul Suchecki
LawCrossing
http://www.lawcrossing.com/
626-243-1801
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